Cloudera (NYSE:CLDR) received a $14.00 price target from equities researchers at DA Davidson in a research note issued on Monday. The brokerage presently has a “hold” rating on the stock. DA Davidson’s price target indicates a potential upside of 0.65% from the company’s previous close.
Several other brokerages have also commented on CLDR. Mizuho decreased their price objective on Cloudera from $23.00 to $18.00 and set a “buy” rating for the company in a report on Friday. Stifel Nicolaus decreased their price objective on Cloudera from $24.00 to $19.00 and set a “buy” rating for the company in a report on Wednesday, April 4th. Needham & Company LLC decreased their price objective on Cloudera from $26.00 to $22.00 and set a “positive” rating for the company in a report on Wednesday, April 4th. Morgan Stanley decreased their price objective on Cloudera from $23.00 to $21.00 and set a “hold” rating for the company in a report on Wednesday, April 4th. Finally, Deutsche Bank lowered Cloudera from a “buy” rating to a “hold” rating and set a $25.00 price objective for the company. in a report on Wednesday, April 4th. Eight investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Cloudera has an average rating of “Hold” and a consensus target price of $20.30.
Shares of NYSE CLDR opened at $13.91 on Monday. The firm has a market cap of $1,964.55 and a price-to-earnings ratio of -4.31. Cloudera has a 12-month low of $12.57 and a 12-month high of $23.35.
Cloudera (NYSE:CLDR) last announced its earnings results on Tuesday, April 3rd. The company reported ($0.10) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.22) by $0.12. The business had revenue of $103.50 million for the quarter, compared to analysts’ expectations of $98.63 million. Cloudera had a negative return on equity of 154.35% and a negative net margin of 104.99%. The business’s revenue for the quarter was up 42.2% compared to the same quarter last year. equities research analysts forecast that Cloudera will post -1.38 earnings per share for the current fiscal year.
In related news, insider Michael Olson sold 55,238 shares of the firm’s stock in a transaction on Wednesday, April 11th. The stock was sold at an average price of $16.89, for a total value of $932,969.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael A. Stankey bought 25,000 shares of Cloudera stock in a transaction that occurred on Monday, April 9th. The stock was purchased at an average price of $12.99 per share, with a total value of $324,750.00. The disclosure for this purchase can be found here.
Hedge funds have recently modified their holdings of the stock. SeaCrest Wealth Management LLC acquired a new stake in Cloudera during the 4th quarter worth about $124,000. Amalgamated Bank acquired a new stake in Cloudera during the 4th quarter worth about $220,000. Bluestein R H & Co. acquired a new stake in Cloudera during the 4th quarter worth about $248,000. Keybank National Association OH acquired a new stake in Cloudera during the 4th quarter worth about $350,000. Finally, Crestline Management LP acquired a new stake in Cloudera during the 4th quarter worth about $363,000. Institutional investors own 74.75% of the company’s stock.
Cloudera Company Profile
Cloudera, Inc is a developer of platform for data management, machine learning and advanced analytics. The Company allows enterprises to operate, manage and move workloads across multiple architectures, mixing on premises and cloud environments, including all major public cloud infrastructure providers.
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